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“The tone and tendency of Liberalism cannot be concealed. It is to attack the institutions of the country under the name of Reform and to make war on the manners and customs of the people under the pretext of progress”. Benjamin Disraeli 1804-1881

STATE WORKER BEAT UP AT SEIU MEETING FOR SPEAKING HIS MIND

"A democracy is always temporary in nature; it simply cannot exist as a permanent form of government. A democracy will continue to exist up until the time that voters discover that they can vote themselves generous gifts from the public treasury. From that moment on, the majority always votes for the candidates who promise the most benefits from the public treasury, with the result that every democracy will finally collapse due to loose fiscal policy, which is always followed by a dictatorship." possibly a quote by Alexander Tytler, British born lawyer 1747-1813.

LIBERALS: LEARNING NOTHING AND FORGETTING NOTHING

“Political radicalism is an expression of the inability of human beings to live without meaning; it is the replacement of the hope for a divine redemption in a redemption by political activists, which inevitably leads to a totalitarian state.”

HOW GOLDMAN SECRETLY BET ON THE U.S. HOUSING CRASH

NEW BILL WOULD RAISE RATES, SAYS INSURANCE GROUP

(OOPS, A LEAK!)
DOZENS UNDER ETHICS INQUIRY-ALL DEMS!

OBAMA LIFTS 20 YEAR BAN ON HIV ENTRIES TO U.S.

AL GORE ‘PROFITING’ FROM CLIMATE CHANGE AGENDA

OBAMA IS RUINING INDIA’S SECURITY CLIMATE
“He may not relish the comparison but it is now becoming increasingly obvious that Mr Barack Obama is the most hostile American President for India since Richard Nixon. “

Annual Medicare Fraud: $60 Billion; Annual Profits of Top Ten Insurance Companies: $8 billion
As 60 Minutes reported last week, Medicare fraud is rampant and has now replaced the cocaine (ahem) business as the major criminal activity in South Florida. Both 60 Minutes and the Washington Post report that Medicare fraud now costs American taxpayers roughly $60 billion a year. That may sound like a lot of money, but surely it pales next to the extraordinary profits of private insurance companies, right?
Well, let's see.... Last year, the profits of the ten largest insurance companies in America were just over $8 billion -- combined. No single insurance company made even five percent of what Medicare reportedly loses in fraud.  While we're making comparisons, in its real first ten years (2014-23), the Senate Finance Committee bill would cost $1.7 trillion. At the rate of last year's profits, the combined ten-year profits of America's ten largest insurance companies would be $83 billion -- five percent of the costs of the Senate Finance Committee bill. Eighty-three billion dollars may not buy you much in comparison with BaucusCare, but -- on the bright side -- that ten-year tally is somewhat more than what Medicare loses each year in fraud.  So, the next time someone alleges that government-run health care is cheaper because of "lower administrative costs" -- a truly preposterous claim on its surface -- these numbers would be good ones to have at the ready: $60 billion in annual Medicare fraud, $8 billion in combined annual profits for America's ten largest insurance companies.

Posted by Jeffrey H. Anderson on October 31, 2009 05:15 PM | Permalink

PELOSI BILL PROTECTS, AIDS TRIAL LAWYERS